The following items are taken from the financial statements of Tri Manufacturing Company. Determine the cost of raw materials used and total manufacturing costs. Lable each item.
Advertising $ 76,000
Direct Labor 920,000
Factory Overhead (80 percent of direct labor)
Office Salaries 51,000
Raw Materials Inventory, January 1 (beginning) 480,000
Raw Materials Inventory, December 31 (ending) 625,000
Raw Material's Purchases 1,470,000
Sales Salaries 143,000
answer in this format (total of 9 separate entries)
Cost of Raw Materials Used
Item Amount
1.
2. ________
3.
4. ________
5. dbl underscore total ________
Total Manufacturing cost
Item Amount
6.
7.
8. _______
9. dbl underscore total _______